Venture capital investments in Latvia
Latvia: Venture capital investments was 0.0166 Percentage of GDP in 2025. ◆ Volatile
Venture capital investments in Latvia, 2007–2025
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for venture capital investments in Latvia is 0.0166 Percentage of GDP, measured in 2025.
That represents a change of up 267.3% on the previous year and down 46.9% over ten years.
Over the whole period, venture capital investments in Latvia peaked at 0.0391 Percentage of GDP in 2008 and was at its lowest, 0 Percentage of GDP, in 2009.
The series is highly variable year to year, so single readings are best treated with caution.
Venture capital investments in Latvia, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2007 | 0.0318 Percentage of GDP | — |
| 2008 | 0.0391 Percentage of GDP | +23.1% |
| 2009 | 0 Percentage of GDP | -100.0% |
| 2010 | 0.0023 Percentage of GDP | — |
| 2011 | 0.0136 Percentage of GDP | +492.9% |
| 2012 | 0.009 Percentage of GDP | -33.8% |
| 2013 | 0.007 Percentage of GDP | -21.8% |
| 2014 | 0.0286 Percentage of GDP | +305.6% |
| 2015 | 0.0313 Percentage of GDP | +9.5% |
| 2016 | 0.0326 Percentage of GDP | +4.3% |
| 2017 | 0.0043 Percentage of GDP | -87.0% |
| 2018 | 0.0118 Percentage of GDP | +177.8% |
| 2019 | 0.0182 Percentage of GDP | +54.2% |
| 2020 | 0.0145 Percentage of GDP | -20.2% |
| 2021 | 0.0347 Percentage of GDP | +138.5% |
| 2022 | 0.0202 Percentage of GDP | -41.7% |
| 2023 | 0.0064 Percentage of GDP | -68.3% |
| 2024 | 0.0045 Percentage of GDP | -29.4% |
| 2025 | 0.0166 Percentage of GDP | +267.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0236 Percentage of GDP | 0 Percentage of GDP | 0.0391 Percentage of GDP | 3 |
| 2010s | 0.0159 Percentage of GDP | 0.0023 Percentage of GDP | 0.0326 Percentage of GDP | 10 |
| 2020s | 0.0161 Percentage of GDP | 0.0045 Percentage of GDP | 0.0347 Percentage of GDP | 6 |
Countries ranked near Latvia
- 3 Lithuania 0.0651 Percentage of GDP compare
- 3 Sweden 0.2056 Percentage of GDP compare
- 4 Canada 0.1845 Percentage of GDP compare
- 4 Poland 0.0337 Percentage of GDP compare
- 5 Slovenia 0.0254 Percentage of GDP compare
- 5 Switzerland 0.167 Percentage of GDP compare
- 6 United Kingdom of Great Britain and Northern Ireland 0.1624 Percentage of GDP compare
- 7 New Zealand 0.1527 Percentage of GDP compare
- 8 Denmark 0.1299 Percentage of GDP compare
- 9 Finland 0.1036 Percentage of GDP compare
More economy & growth data for Latvia
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.49 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.53 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 38.69 Percentage of GDP (2029)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.0727 Index (2024)
- Index of digital trade integration and openness 0.1982 Index (2024)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0123 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.0451 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0431 Index (2024)
- Index of digital trade integration and openness (INDIGO) — A. 0.0249 Index (2024)
- Corporate income tax (CIT) - statutory and targeted small business 20 Percentage of taxable income (2026)
Frequently asked questions
- What is venture capital investments in Latvia?
- Venture capital investments in Latvia was 0.0166 Percentage of GDP in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest venture capital investments recorded in Latvia?
- The highest recorded value was 0.0391 Percentage of GDP in 2008.
- What is the lowest venture capital investments recorded in Latvia?
- The lowest recorded value was 0 Percentage of GDP in 2009.
- How does Latvia rank for venture capital investments?
- Latvia ranks 6th out of 6 countries with data for 2025.
- Is venture capital investments rising or falling in Latvia?
- Over the last ten years it is down 46.9%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Venture capital investments (market statistics). Statizoid updates them automatically from the source API.
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About this data
In the OECD Entrepreneurship Financing Database, venture capital is made up of the sum of early stage (including pre-seed, seed, start-up and other early stage) and later stage venture capital. As there are no harmonised definitions of venture capital stages across venture capital associations and other data providers, original data have been re-aggregated to fit the OECD classification of venture capital by stages. Korea, New Zealand, the Russian Federation and South Africa do not provide breakdowns of venture capital by stage that would allow meaningful international comparisons. The attached table shows the correspondences between original data and OECD harmonised data for venture capital investments by stage. https://webfs-sdd.oecd.org/files/.Stat/VC_INV/VC_OECD_HarmonisedStages.xlsx Venture capital is a form of equity financing particularly relevant for young companies with innovation and growth potential but untested business models and no track record; it replaces or complements traditional bank finance. The development of the venture capital industry is considered an important framework condition to stimulate innovative entrepreneurship. Aggregate data on venture capital provide useful information on trends in the venture capital industry. These data are typically compiled by national or regional Private Equity and Venture Capital Associations, often with the support of commercial data providers. The quality and availability of aggregate data on venture capital have improved considerably in recent years; international comparisons, however, remain complicated because of two main problems. The first difficulty comes from the lack of a standard international definition of venture capital. While there is a general understanding, the definition of the types of investments included in venture capital varies across countries and regions. In some cases, differences are purely linguistic; in others, they are more substantive. The second problem relates to the diverse methodologies employed by data compilers. The completeness and representativeness of venture capital statistics with respect to the venture capital industry of a country will differ depending on how data were collected. The units used are : Millions of US Dollars and share of GDP. OECD statistics contact: stat.contact@oecd.org